Corporate Accounts Manager Interview Questions and Answers

Tax benefits in LI

• LI offers tax exemptions on certain types of income such as interest on savings bank account, dividends, and long-term capital gains

• Investments in certain schemes such as Public Provident Fund (PPF), National Savings Certificate (NSC), and Equity-Linked Savings Scheme (ELSS) are eligible for tax deductions

• There are also tax benefits available for home loans and education loans

• The tax rates in LI are generally lower than in other states in India

80C and 10 10D are sections of the Indian Income Tax Act related to tax deductions and exemptions.

• Section 80C allows for deductions up to Rs. 1.5 lakh on investments in specified instruments such as PPF, ELSS, and life insurance premiums.

• Section 10 10D deals with exemptions on income received from life insurance policies.

• Both sections are important for tax planning and can help reduce tax liability.

• For example, investing in a PPF account can help reduce taxable income under S...read more

In Banca Insurance, customer satisfaction, product innovation, and efficient distribution channels are important.

• Customer satisfaction is crucial in Banca Insurance as it helps in retaining customers and building a positive reputation.

• Product innovation is important to stay competitive and meet the changing needs of customers.

• Efficient distribution channels help in reaching out to a wider customer base and increasing sales.

• Partnerships with banks and financial institutions ar...read more

To meet key decision makers, research their roles, use networking events, leverage existing connections, and offer value.

• Research the key decision makers' roles and responsibilities within the organization.

• Attend networking events and industry conferences where key decision makers may be present.

• Leverage existing connections and ask for introductions to key decision makers.

• Offer value to key decision makers by showcasing how your product or service can benefit their organizat...read more

To obtain KDM mail id, contact the appropriate department or individual within the company.

• Contact the HR department for employee email addresses

• Reach out to the IT department for access to the company directory

• Ask the current Corporate Accounts Manager for assistance

Market potential refers to the total revenue that a specific market can generate if all companies in the industry maximize their sales potential.

• Market potential is influenced by factors such as population size, income levels, consumer preferences, and competition.

• Analyzing market trends, conducting market research, and understanding customer needs are essential to determine market potential.

• For example, a company selling luxury cars would have a smaller market potential comp...read more